About: http://data.cimple.eu/news-article/dba0e721ec6b3889067b049d558a160bdf1cca5b7c4625f835e1632d

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/dba0e721ec6b3889067b049d558a160bdf1cca5b7c4625f835e1632d Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Israel's Bank Hapoalim has agreed to pay more than $900 million to settle two separate cases which include its role in helping launder proceeds from the FIFA corruption scandal, the US Department of Justice said Thursday. In the largest case, Bank Hapoalim has been ordered to pay $874 million to the US Treasury, Federal Reserve and New York state authorities after pleading guilty to helping US taxpayers stash some $7.6 billion in more than 5,500 secret Swiss and Israeli bank accounts. It is the second-largest recovery by the Department of Justice since it began investigating the facilitation of US tax evasion by foreign banks in 2008, a statement said. "There is no excuse for a foreign financial institution to unlawfully assist wealthy Americans in flouting their responsibilities to pay their taxes," said Internal Revenue Service criminal investigation chief Don Fort. "With today's guilty plea, Bank Hapoalim is taking responsibility for their role in deliberately breaking the law and undermining the integrity of this nation's tax system." In a separate settlement confirmed Thursday, the Justice Department said Bank Hapoalim had also agreed to pay more than $30 million in forfeitures and fines for helping launder cash in the corruption scandal that embroiled football's world governing body FIFA. The Justice Department said Hapoalim and its Swiss subsidiary had helped launder more than $20 million in bribes and kickbacks for corrupt officials involved in the FIFA plot, which erupted in 2015. The bank has agreed to forfeit $20.7 million and pay a fine of $9.3 million to resolve the investigation. "For nearly five years, Bank Hapoalim employees used the US financial system to launder tens of millions of dollars in bribe payments to corrupt soccer officials in multiple countries," said assistant attorney general Brian Benczkowski. William Sweeney, assistant director of the FBI's New York field office, said the case highlighted the "spider web of bribery, corruption and backroom deals" which characterized the FIFA case. "Bank Hapoalim admits executives looked the other way, and allowed illicit activity to continue even when employees discovered the scheme and reported it," Sweeney said. chp/rcw/caw/
schema:headline	Israel's Bank Hapoalim pays $900 mn over tax evasion, FIFA cases
schema:mentions	Attorney general Spider web United States Department of the Treasury Bribery Tax evasion Federal Reserve United States Department of Justice Switzerland Internal Revenue Service FIFA Association football Federal Bureau of Investigation Israel New York City Bank Hapoalim Brian Benczkowski William Sweeney (composer) Financial institution California Highway Patrol Canadian Auto Workers
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-30 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	82 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 3 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software